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Monday, Oct 7
SolarWinds acquires database management software firm for $103M
- SolarWinds (SWI) has bought Confio, a developer of software that monitors/optimizes database performance and troubleshoots problems, for $103M in cash.
- Confio supports Oracle, Microsoft, and IBM's marquee database platforms, and claims 1.2K customers (inc. 40% of the Fortune 50). Its products complement SolarWinds' various tools for managing and improving the performance of servers, enterprise apps, and networking hardware.
- The deal comes five months after SolarWinds acquired N-able, a provider of cloud-based IT management software aimed at SMBs, for $120M in cash.
- SolarWinds, hit hard this year by bad earnings news, made new 52-week lows today prior to the announcement.
- CC at 5:15PM ET.